MARCEGAGLIA STAINLESS SHEFFIELD LTD
Company number: 13909552
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
5 August 2026
Approved by:
David Scaife
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 56 days
Total value paid:
- within 30 days: £15,450,000 (11%)
- in 31 to 60 days: £40,795,000 (30%)
- in 61 days or more: £81,985,000 (59%)
Invoices paid:
- within 30 days: 11%
- in 31 to 60 days: 30%
- in 61 days or more: 59%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £16,803,786
- payments due in the reporting period which have not been paid within the agreed period: 8%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
120 days
Standard payment terms
Marcegaglia Stainless Sheffield Ltd has differing with suppliers depending upon:
1. The nature of the goods and services provided
2. The location of the business providing the goods or service. As many of our supplies are shipped internationally and the transit time needs to be taken into account
3. The size of the supplier (local/national/multi-national)
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
N/A
Any other information about payment terms
We aim to pay our suppliers in the agreed payment terms though we do operate in multi-currency flows and have various payment runs throughout the month. If payment has not been made within 5 working days of the due date it is escalated via our accounts payable department to the procurement and management teams
Dispute resolution process
Overall our policy is to pay valid, undisputed invoices to the timescales agreed with our suppliers. Any payment or other contractual disputes are addressed in a constructive manner. Marcegaglia Stainless Sheffield Ltd communicates a clear contract escalation process to all suppliers upon the onboarding process. This has a 5 day timescale and escalation point if the matter is not being address adequately
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No